Replication data for: Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program
Principal Investigator(s): View help for Principal Investigator(s) Koichiro Ito
Version: View help for Version V1
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AEJPol2013_0397_Program | 10/13/2019 03:05:AM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 11:05:PM |
Project Citation:
Ito, Koichiro. Replication data for: Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114594V1
Project Description
Summary:
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Many countries use substantial public funds to subsidize reductions in negative externalities. Such policy designs create asymmetric incentives because increases in externalities remain unpriced. I investigate the implications of such policies by using a regression discontinuity design in California's electricity rebate program. Using household-level panel data, I find that the incentive produced precisely estimated zero treatment effects on energy conservation in coastal areas. In contrast, the rebate induced short-run and long-run consumption reductions in inland areas. Income, climate, and air conditioner saturation significantly drive the heterogeneity. Finally, I provide a cost-effectiveness analysis and investigate how to improve the policy design. (JEL D12, D62, H76, L94, L98, Q48)
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D62 Externalities
H76 State and Local Government: Other Expenditure Categories
L94 Electric Utilities
L98 Industry Studies: Utilities and Transportation: Government Policy
Q48 Energy: Government Policy
D12 Consumer Economics: Empirical Analysis
D62 Externalities
H76 State and Local Government: Other Expenditure Categories
L94 Electric Utilities
L98 Industry Studies: Utilities and Transportation: Government Policy
Q48 Energy: Government Policy
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